Mike,
OT* young infants only see red, black and white (any developmental neuroopthamalogists out there care to correct me). Now if we can just figure out when she starts to see green, we'll know when to start the next rally.
Back on thread - Obviously, I'm a firm believer in LT appreciation strategies, but I'm not sure that we've re-entered the 1997 zone. My gut feel is that the market is searching as much for a direction as we are, solid earnings stories don't seem to be the ticket (boring AMGN), nor do positive PIII results (MAXM, see managed to work it in). Heck, not even development disappointments (XOMA) seem to be drivers. Deals may be the flavor du jour (VRTX, MAGN), though don't seem to be huge. Stealing from the chemical thesaurus, seems we're in some sort of metastable state.
biowa |
